ILS Entrepreneurship Development Cell

Greetings Everyone!

ILS ENTREPRENEURSHIP DEVELOPMENT CELL welcomes you to A SESSION ON IDEAS from our BASICS OF ENTREPRENEURSHIP series.

Wondering about what the mistakes are when ideating? Or on how to generate start-up ideas?

Well, all your doubts and more will be answered in this session that we at ILS EDC are conducting. So, don’t miss out on an informative and absorbing session.

DATE: 14th January 2022
TIME: 5 PM
PLATFORM: Google Meet
MEETING LINK: https://meet.google.com/smj-dgaf-fhh

Hope to see you all there!!

Madhavi Jadhav CEO & Founder of Thatmate answers the question "Market investments usually focus on financial returns, knowing this, why would an investor invest in a social enterprise?" From the session on 'Social Entrepreneurship' held on 30th June 2020.

"How do social enterprises hire and retain good talent with limited resources?"

Madhavi Jadhav answers the question in the session on 'Social Entrepreneurship' held on 30th June 2020.

"What are Social Enterprises?"

Madhavi Jadhav a social entrepreneur answers the question on our session on Social Entrepreneurship held on 30th June 2020.

Let us know your opinions about this form of entreprises in the comment box!!

Innovation is one of the most important factors that distinguishes entrepreneurship from business.
In the highly competitive world we live in, innovative ideas are what will separate you from the rest.

Your goal is not to build just an average startup, right?

In order to create an outstanding product, strong brand, and a reliable consumer base, you need to innovate.

Innovation doesn’t always mean creating something brand new. Innovators often take something that already exists and modify it to make it the best match for their customers.
Innovative ideas are what will make your startup stand out.

Turning a half-cooked startup into a fast-growing company, in a short span of time, is kind of a ‘hobby’ for Paul Graham, the legendary Co-founder of leading Silicon Valley startup, accelerator Y Combinator.

In less than 10 years’ time, he has funded more than 550 companies, including Dropbox, Airbnb, and Reddit. Aside immense experience building successful companies, mentoring, and investing in startups, he has also authored a few books, including On Lisp, ANSI Common Lisp, and Hackers & Painters.

Here, in this infographic, Graham explains startups in 13 sentences.

For Part 1 of this post do check out our previous posts! 😊

Turning a half-cooked startup into a fast-growing company, in a short span of time, is kind of a ‘hobby’ for Paul Graham, the legendary Co-founder of leading Silicon Valley startup, accelerator Y Combinator.

In less than 10 years’ time, he has funded more than 550 companies, including Dropbox, Airbnb, and Reddit. Aside immense experience building successful companies, mentoring, and investing in startups, he has also authored a few books, including On Lisp, ANSI Common Lisp, and Hackers & Painters.

Here, in this infographic, Graham explains startups in 13 sentences.

Stay tuned Part 2 !!! 😊

Bored during this lockdown?!
Don't worry!!

ILS EDC is here with some amazing book recommendations for you. Make sure that you give them a read!!

These books will give you an insight into the world of entrepreneurship and help you navigate through unchartered territories.

The Ministry of Industry and Commerce has proposed reducing fees for intellectual property rights, such as patents and designs for micro, small and medium enterprises and startups, to promote innovation.

The government, in 2017, launched a scheme where startups would be eligible for 80% rebate in patent filing fees and 50% rebate in trademark filing fees.

Additionally, startups would also be considered for an examination of patent applications to reduce the time taken in granting patents.

The Incubation Scheme of the GOI provides opportunities to innovators to develop and nurture their new ideas for innovative products.

The main objective of the scheme is to promote & support the untapped creativity of an individual and to promote adoption of the latest technologies in manufacturing.

The scheme proves to provide the needed support to students/entrepreneurs of institutes such as technical colleges, universities, other professional colleges/institutes, R&D institutes, NGOs involved in relevant activities, EDCs or any institute/organization of the Central/State Govt.





Stay tuned for the next part!

Small businesses and MSMEs form the backbone of the Indian economy and may hold the key to solving India's unemployment crisis.

The MSME sector in India employs over 100 million people and accounts for 45% of the total manufacturing output and more than 40% of the country’s exports.

Small businesses require sufficient funding in the form of large amounts of capital to enable expansion and provide sustainability to the venture.

However, the sector is facing a working capital crunch, as there is a lack of access to affordable capital. The government of India has taken steps to ensure easy availability of funds to small and micro enterprises by introducing the following schemes:

1.Credit Linked Capital Subsidy Scheme
2.Credit Guarantee Fund Trust for Micro and Small Enterprises
3.Prime Minister's Employment Generation Programme

Bored during this pandemic?! 👀

ILS EDC is here with some great movie recommendations for you. Build an entrepreneurial spirit while having fun😉😃

Mention your favourite movie in the comment box below. 😊